EricHiggin said:
There are other major reasons besides large oil/gas companies why a quick transition to wind/solar/batteries is not a good idea.
The people who can most easily and cheaply install wind/solar/batteries and get off the grid, are rural homes n farms. Not that urban homes cant have those options, its just much much harder and can be more expensive for a lot of reasons.
Imagine if in 10 years time, all of rural North America was completely off the grid. The cost of hydro would go through the roof and the people who would have to cover that cost would be the urban areas and factories.
This also could very well lead to all those rural people who are now off the grid, to easily install a geothermal and electrical/baseboard hybrid system to heat and cool their homes without needing gas/oil. This then leads to a massive spike in gas/oil costs, which also would need to be covered by urban people and factories again.
This would of course push cities and factories to try and get off the grid as well, but getting completely off, or even being able to power half their needs with renewables/batteries, could be tough do to with issues like south facing roof/yard space, trees blocking the wind and sun (yours or the neighbors), noise pollution from wind power, etc. Not to mention all of the job losses that would also follow once the rural hydro grid was torn down and gas pipelines were all shut off, capped and sealed shut.
The change to a clean renewable future is quite complex and complicated in many ways.
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How would gas/oil prices spike if a part of the population stops using it?
You have the same supply at a lower demand. Basic economics says that costs should decrease it that situation.
